Brookfield Wealth Solutions Announces First Quarter Results and Declares Quarterly Distribution

Core Viewpoint - Brookfield Wealth Solutions reported strong financial results for Q1 2025, highlighting a significant increase in distributable operating earnings and the expansion into the U.K. market, despite a net loss attributed to unrealized movements on reserves [1][3][4]. Financial Performance - Total assets increased to $141.612 billion in Q1 2025 from $63.113 billion in Q1 2024 [1]. - Distributable operating earnings reached $437 million, up from $279 million in the prior year [3][15]. - Net income recorded a loss of $282 million compared to a profit of $337 million in the same period last year [4][14]. Investment and Market Position - The company holds approximately $25 billion in cash and short-term liquid investments, alongside $22 billion in long-term liquid investments, positioning it well to navigate market volatility [5]. - Brookfield deployed $3 billion into its originated strategies with returns exceeding 8% [7]. - The company originated $4 billion in annuity sales across various channels during the quarter [7]. Distribution and Shareholder Returns - A quarterly return of capital of $0.09 per class A and class B share was declared, payable on June 30, 2025 [6]. - The net income attributable to Brookfield shareholders for Q1 2025 was $73 million, down from $102 million in Q1 2024 [8]. Operational Highlights - The company launched its U.K. pension risk transfer business in March 2025 and expects to be active in the market throughout the year [7]. - The net investment income increased significantly to $1.429 billion from $670 million year-over-year [13]. Summary of Financial Results - Total revenues for Q1 2025 were $2.618 billion, compared to $2.485 billion in Q1 2024 [13]. - Operating expenses rose to $382 million from $233 million in the previous year [13]. Balance Sheet Overview - Total liabilities and equity stood at $141.612 billion as of March 31, 2025, compared to $139.953 billion at the end of 2024 [11][12]. - The company’s insurance invested assets and cash equivalents remained stable, indicating a solid financial foundation [11].